Seanad debates

Wednesday, 24 November 2010

11:00 am

Photo of David NorrisDavid Norris (Independent)

We should listen to people like David McWilliams. Yesterday, I referred to the solution, namely, a shares for equity swap in the banks. It would wipe out €120 billion. David McWilliams was discussing it again this morning. He was right. We should consider doing this. It is perfectly clear to even a two year old that one does not solve a debt crisis by miring oneself endlessly in further debt.

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